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It's not that you watermark the content - we all understand that. It's that you watermark it with a different domain/site.
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Exactly as Greenie says, it's watermarking with a different domain/site which is the problem.
And of course there's still the problem that affiliates don't get paid when *their* surfers type in that domain....just in case it wasn't clear, what with me getting all confused and putting that extra letter in the domain name of the site you want to brand into the surfers' minds so they *will* type it in.
Sure, we can be friends... just stop screwing *my* friends over and we can give it a shot.